Conn’s (NASDAQ:CONN) Now Covered by StockNews.com

StockNews.com started coverage on shares of Conn’s (NASDAQ:CONN) in a research note issued to investors on Friday. The firm set a “hold” rating on the specialty retailer’s stock.

Conn’s Price Performance

NASDAQ CONN opened at $0.02 on Friday. Conn’s has a fifty-two week low of $0.10 and a fifty-two week high of $5.19. The stock’s 50-day moving average is $0.92 and its two-hundred day moving average is $2.77. The firm has a market cap of $460,391.00, a P/E ratio of -0.01 and a beta of 2.22. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.58 and a quick ratio of 1.87.

Institutional Investors Weigh In On Conn’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Equitec Proprietary Markets LLC lifted its stake in shares of Conn’s by 180.9% in the first quarter. Equitec Proprietary Markets LLC now owns 12,642 shares of the specialty retailer’s stock worth $42,000 after buying an additional 8,142 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Conn’s in the 1st quarter worth $43,000. Corsair Capital Management L.P. acquired a new position in Conn’s during the 4th quarter worth $82,000. AM Investment Strategies LLC boosted its holdings in Conn’s by 20.0% during the fourth quarter. AM Investment Strategies LLC now owns 120,125 shares of the specialty retailer’s stock valued at $533,000 after acquiring an additional 20,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Conn’s in the first quarter valued at about $144,000. 55.00% of the stock is currently owned by institutional investors and hedge funds.

About Conn’s

Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates in two segments, Retail and Credit. The company's stores offer home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges; and furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as flat and other mattresses.